ROCHESTER, N.Y., Jan. 29, 2018 /PRNewswire/ -- Vuzix® Corporation (VUZI), a supplier of Smart Glasses and Augmented Reality (AR) products in the consumer and enterprise markets, today announced that it closed the previously announced US$30.0 million registered direct offering on January 26, 2018. The company entered into agreements on January 24, 2018 relating to the sale of 3,000,000 shares of its common stock at an offering price of $10.00 per share together with a 40% one-year warrant to purchase an aggregate 1,200,000 shares of its common stock at $10.00 per share, which will be immediately exercisable for a period of one year. The gross proceeds from the offering were $30,000,000 before deducting commissions and estimated offering expenses. Chardan acted as the lead placement agent for this transaction and Maxim Group LLC acted as a co-placement agent for this transaction. The company has filed a prospectus with the Securities and Exchange Commission, which can be viewed at https://ir.vuzix.com/all-sec-filings/content/0001144204-18-003905/tv484137_424b5.htm.

In addition, the company offered 1 year warrants to purchase an aggregate 1,200,000 shares of its common stock at $10.00 per share, and will be immediately exercisable for a period of one year. Vuzix CEO Paul Travers commented, "This financing significantly improves Vuzix' balance sheet and helps ensure that the Company has sufficient operating capital to execute on its aggressive business plans while also putting Vuzix in a stronger position to effectively negotiate and conclude discussions with potential licensing and strategic partners [...] With all the increased business activities from the recent launch of the Vuzix Blade and the growing deployments around our workhorse M300, the response from both consumer and enterprise segments has been overwhelming. On the ratings front, Vuzix stock has been the subject of a number of recent research reports.

ROCHESTER, N.Y., Jan. 24, 2018 /PRNewswire/ -- Vuzix® Corporation (VUZI), a supplier of Smart Glasses and Augmented Reality (AR) products in the consumer and enterprise markets, today announced the entry into agreements with institutional investors relating to the sale of 3,000,000 shares of its common stock at an offering price of $10.00 per share together with 1 year warrants to purchase an aggregate 1,200,000 shares of its common stock at $10.00 per share, and will be immediately exercisable for a period of one year. The offering price was based above the closing consolidated bid price as of January 23, 2018. The Company intends to use the net proceeds from the offering for general corporate purposes, including expanding its product offering and the commercial launch of its Blade Smart Glasses, featuring its proprietary waveguide technology products and for general working capital purposes.

San Antonio-based H-E-B Grocery Co. recently concluded a pilot program in augmented reality with an East Coast smart glasses manufacturer. The project with Vuzix Corp. involved H-E-B employees wearing augmented reality glasses to do their jobs without a separate computer terminal for instructions or training materials. Augmented reality is when computer-generated holographic images are projected in the real world using a smartphone camera or smart glasses.

Will 2018 be the year that smart glasses finally take hold? As Vuzix Corp (NASDAQ: VUZI ) unveils its Blade augmented reality smart glasses at CES in Las Vegas this week, one analyst is expecting big ...

Vuzix (NASDAQ: VUZI ) is set to unveil its Blade smart glasses at CES 2018 . Ahead of the conference, shares rallied about 24 percent as details of what would be discussed at CES emerged. The Analyst Chardan ...

CES, the world's largest consumer technology tradeshow, takes place this week. For example, Amazon’s Alexa debuted last year at CES. Based on the panels and exhibitors registered to feature their products and technologies, key themes are likely to be augmented reality (AR), 5G, digital health, connected automobiles and the smart home, among others.

Shares of Vuzix (VUZI), which makes glasses for augmented reality, are up 60 cents, or almost 8%, at $8.25, in late trading. The unveiling is to take place at the Consumer Electronics Show in Las Vegas, where Vuzix is a regular exhibitor. Gurman cites remarks by Vuzix chief executive Paul Travers in an interview.

The first augmented-reality glasses with Amazon’s Alexa voice assistant will be shown next week at CES in Las Vegas -- manufactured by a 75-employee company rather than the e-commerce giant’s growing devices ...